Am I late to the NFA party?

[fabsroman]

I am almost done drafting my NFA trust and am about to get it notarized. After that, I am ordering two lowers with the trust information engraved on them so I can SBR them.

Thing is, I am reading that ATF might re-evaluate the legitimacy of NFA trusts after the election, probably in 2015. Can I squeeze a couple of SBRs in before this happens if I get on this right now, or am I SOL?

 

[SWO Daddy]

Nobody knows what (if anything) will happen when. You're late, but not too late

 

[shootin the breeze]

Form 1s are coming back fast via efile. You should be GTG. However, form 4s are another story...

 

[Kingjamez]

You'll be later tomorrow than you were today. Get your paperwork in A.S.A.P. and don't worry about what may or may not happen. Nobody ever regrets getting a couple of stamps in process.

-Jim

 

[SCARCQB]

Suck it up. Forget about SBRs or cans for now. Get yourself a machinegun.

Ac556, mac11, sten, sw76, fnc, ar18,Uzi. Are still affordable with some creative financing, savings or being frugal with other things.

Prices on those will not come down. Forget the trust and go with a form4

 

[fabsroman]

Form 1s are coming back fast via efile. You should be GTG. However, form 4s are another story...

Going to go Form 1 on two AR-15 SBR builds. Starting with the lowers and will buy all the rest once the tax stamp comes back. Before SB281-2013, had absolutely no desire to get a SBR. Now, I want a dozen. lol

Got the green light for one from my wife a couple months ago, but might be able to squeeze a second one through.

You and I are going to have to get a cup of coffee at some point now that you are so much closer to me. lol

 

[fabsroman]

Suck it up. Forget about SBRs or cans for now. Get yourself a machinegun.

Ac556, mac11, sten, sw76, fnc, ar18,Uzi. Are still affordable with some creative financing, savings or being frugal with other things.

Prices on those will not come down. Forget the trust and go with a form4

Yeah, already had this debate in the IP section about an M60. I don't look at firearms as an "investment" because I never sell them. Kind of like how people erroneously look at their house as an "investment". Statistics show that most people are loathe to downsize when they retire. Likewise, I am loathe to sell anything. My neighbor ran that "investment" thing by my wife one day while we were talking and my wife said, "Fabs does not sell guns or bikes. I made the mistake early on in our marriage of suggesting that he sell a bike after he bought a new one and we had a discussion about bikes and guns."

Don't get me wrong, I want a full auto gun, but getting that price tag past my wife would be nearly impossible. Plus, I am looking at dumping that money into a rental property investment after tax season. Think my wife would shoot me if I even mentioned what those things cost. That would be how she breaks in her new handgun.

 

[ducrider45]

E-file Form 1's are taking around 5 weeks right now. You are not too late.

 

[shootin the breeze]

You and I are going to have to get a cup of coffee at some point now that you are so much closer to me. lol

Yes we will. We should do it soon.

The nice thing is once you submit for the stamp you can take your time. I haven't built any off my sbrs yet although I have more than the usual reasons for waiting.

 

[IMBLITZVT]

Yeah, already had this debate in the IP section about an M60.....
Don't get me wrong, I want a full auto gun, but getting that price tag past my wife would be nearly impossible. ...

IMHO, I would not suggest a M60. Its a good gun and fun to shoot but limits you to 308. I have never see any conversion for these guns. 308 is not cheap! A 1919a4 can be set up in any caliber. Assault Rifle calibers are still cheap as are 9mm and 45ACP guns. M60s are cool if you want a piece that you rarely shoot. However they are not the guns normally out on the line shooting.

Getting a MG is like having a baby in the sense that its never a good time. Most of us don't have that kind of cash sitting around. You just have to decided its time and to it. Grow a pair and tell the wife. Offer up something for sale if you must. I hear all the time "I dont sell...etc". What that means is that have collection full of things you are bored with or have upgraded and don't have the things you really want and would most enjoy now. Imagine if you never sold a car... how many would you have sitting around junking things up. However thats another story. However its never good to be set in our ways. Go around and find a bunch of guns you know you can live without and sell them! The cash for the MG will be there quicker than you think.

I see it all the time, people want to get in the NFA in the shallow end with a SBR first. Then they spend a bunch of money in the NFA all building to a MG. Be smart, jump in the deep end first, its a lot more fun! There is not any sense in owning 2-5 AR15 SBRs after you buy a M16... Consider it an investment in not buying guns you will not use later. Go straight for a M16 now!

Its also not true that they are not investments. When people get old, they certainly sell off MGs to help fund their retirement or a college education for the kids. I see it all the time. You will not find anything besides Gold so easy to sell at 10% under market rate. That said, unlike many investments you can have a lot of fun with it while you have it! Thats worth something too.

 

[pwoolford]

IMHO, I would not suggest a M60. Its a good gun and fun to shoot but limits you to 308. I have never see any conversion for these guns. 308 is not cheap! A 1919a4 can be set up in any caliber. Assault Rifle calibers are still cheap as are 9mm and 45ACP guns. M60s are cool if you want a piece that you rarely shoot. However they are not the guns normally out on the line shooting.

Getting a MG is like having a baby in the sense that its never a good time. Most of us don't have that kind of cash sitting around. You just have to decided its time and to it. Grow a pair and tell the wife. Offer up something for sale if you must. I hear all the time "I dont sell...etc". What that means is that have collection full of things you are bored with or have upgraded and don't have the things you really want and would most enjoy now. Imagine if you never sold a car... how many would you have sitting around junking things up. However thats another story. However its never good to be set in our ways. Go around and find a bunch of guns you know you can live without and sell them! The cash for the MG will be there quicker than you think.

I see it all the time, people want to get in the NFA in the shallow end with a SBR first. Then they spend a bunch of money in the NFA all building to a MG. Be smart, jump in the deep end first, its a lot more fun! There is not any sense in owning 2-5 AR15 SBRs after you buy a M16... Consider it an investment in not buying guns you will not use later. Go straight for a M16 now!

Its also not true that they are not investments. When people get old, they certainly sell off MGs to help fund their retirement or a college education for the kids. I see it all the time. You will not find anything besides Gold so easy to sell at 10% under market rate. That said, unlike many investments you can have a lot of fun with it while you have it! Thats worth something too.

Hard to disagree. My only regret with buying an M16 is not buying more of them. My wife thought I lost my mind at first but quickly came around after researching the value herself. I never want to sell my M16 just like I'd never want to cash in an IRA or have to drain a savings account but I'm glad it is in the safe in case I have to. No other investment I've made in the past 5 years comes close to the MG in appreciation.

As far as SBR I'd go buy a lower at a local IP tomorrow and file your eform right away. They are only taking 4-5 weeks right now so file away!

 

[bobthefisher]

+1000 on buying machineguns! Waaaaaay more fun then just another SBR. I always wanted a Thompson, but $16-20k for a safe queen with worn parts is just too much. I wanted something I can shoot. Guess what, we're in luck! Just picked up one of these from Brian at BRP Corp. Uses the majority of the original Thompson parts (including drum mags) at half the cost.

STG M1A1/1928

 

[ironpony]

Not to be a party basher here but what happened with the Hughes amendment that has been questioned of late? From what I have read the repealing of it is not getting off the ground because so many make money and/or have money invested that not they are for abolishing it and keeping it hush hush. Does anyone know what is actually happening with that?

 

[bobthefisher]

Not to be a party basher here but what happened with the Hughes amendment that has been questioned of late? From what I have read the repealing of it is not getting off the ground because so many make money and/or have money invested that not they are for abolishing it and keeping it hush hush. Does anyone know what is actually happening with that?

I think everyone here would gladly welcome the abolishment of the Hughes amendment, even if it would cause a great decline in value of the current registered machineguns. That being said, when people talk about this, I can't help but think they're high on their own supply. Even staunch pro-gun politicians, would have a hard time introducing "The Machinegun Gun" bill. The antis would go nuclear! It would be nice, but I don't see that happening unless a WHOLE lot of other pro-gun bills pass before it. Unfortunately, I'm more worried about the other way around, and some a-hole president banning any/all machineguns for future transfer via executive order. As far a conspiracy by machinegun owners not wanting to repeal the Hughes amendment for fear of loss in their investment... dude stop reading tin foiled hat gun tabloids. I'm sure some a-holes out there think like that, but not the majority.

 

[IMBLITZVT]

....they're high on their own supply. Even staunch pro-gun politicians, would have a hard time introducing "The Machinegun Gun" bill. The antis would go nuclear! It would be nice, but I don't see that happening unless a WHOLE lot of other pro-gun bills pass before it. Unfortunately, I'm more worried about the other way around, and some a-hole president banning any/all machineguns for future transfer via executive order. As far a conspiracy by machinegun owners not wanting to repeal the Hughes amendment for fear of loss in their investment... dude stop reading tin foiled hat gun tabloids.

Haha... Yes I hate to say it but I see no change in this in the foreseeable future! Just not going to happen. However it would have been fun to see them attach such an amendment onto something like ObamaCare. Hate to say it but I think its probably up there with the failure of the USD, the complete collapse of the stock market...etc. It could all happen but its not in the foreseeable future. That said the end of East Germany was not foreseeable the morning it collapsed. However if we are going down extreme roads... better to have a MG around anyway... just in case!

 

[SCARCQB]

Buy a mac11 with a slowfire upper...and shoot it often. Reasonably priced and the smiles from the folks shooting it is priceless.

 

[rem87062597]

Given that trusts are kind of up in the air, what would be the preferred method of getting a suppressor nowadays assuming I've never done anything NFA?

 

[OrbitalEllipses]

Best method is still a trust.

 

[fabsroman]

I think everyone here would gladly welcome the abolishment of the Hughes amendment, even if it would cause a great decline in value of the current registered machineguns. That being said, when people talk about this, I can't help but think they're high on their own supply. Even staunch pro-gun politicians, would have a hard time introducing "The Machinegun Gun" bill. The antis would go nuclear! It would be nice, but I don't see that happening unless a WHOLE lot of other pro-gun bills pass before it. Unfortunately, I'm more worried about the other way around, and some a-hole president banning any/all machineguns for future transfer via executive order. As far a conspiracy by machinegun owners not wanting to repeal the Hughes amendment for fear of loss in their investment... dude stop reading tin foiled hat gun tabloids. I'm sure some a-holes out there think like that, but not the majority.

Has there been a SCOTUS case regarding the Constitutionality of the Hughes Amendment? if not, that would be the quickest way to have it overturned. Handguns were banned in DC for 30+ years, and then along came Heller. If SCOTUS has already ruled on the Constitutionality of banning the purchase of machine guns built after 1986, then so be it.

 

[fabsroman]

Alright, let me address my position on the machine gun issue. Personally, I find absolutely nothing fun about shooting anything full auto. Don't even find it fun to shoot handguns or rifles at paper or sitting targets unless the paper/targets are way the heck out there. It does not "float my boat" to fire round after round at a target that sits still. About the only way I can see myself having any fun with handguns or rifles is through 3 gun, or IDPA, or something to that effect. Could I actually do something like that with a machine gun?

My entire reason for buying a machine gun would be a SHTF scenario, not a "let's go out and blow through thousands of rounds to have fun" scenario. It certainly wouldn't be an investment scenario either. How liquid is a machine gun? How long does it take to find a buyer for one? Then again, I guess a buyer could be found pretty quickly at the "right" price.